This may turn into a class action suit, but I think it's better to even be first to the punch before that.My recommendation is that you be first in line to hire an attorney to attempt to get part of your funds back.

I am interested in purchasing the property and was wondering my best course of action at this time.

I would imagine the best actions would be to immediately fire the management company, pass the keys onto a new one, sue the old one in small claims court for the listed damages.

As the owner of the property that is being severely mismanaged, do I have the ability to move the money directly to my bank through government action?

That website is traced back to Auction King.com a BBB confirmed fraudulent company and is traded as Government Auction Luxury.

I won an auction from the county with a tax deed for a property that owed taxes in Texas, the owners are deceased from Illinois. The property is worth $8000 only. What can I do to  clear the title? And how much can I ...

Should I continue mediation or pursue legal action (considering the time and costs involved)?

If the seller misrepresented tenant conditions, consult a real estate attorney about potential legal action.

There was also a guy who pitched their stock option trading program.

Since your metric is modest cash flow with long-term appreciation, focus on neighborhoods with a history of steady growth and tenant stability.As a realtor, you already have the skills to analyze deals—so trust your instincts and take action!